Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Azerbaijan - 2023
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Azerbaijan (CIF) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Azerbaijan
Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Azerbaijan (CIF) - 2022
In 2022, the average import price for borates; disodium tetraborate (refined borax), anhydroi amounted to $1,832 per ton, picking up by 27% against the previous year. In general, the import price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 357% against the previous year. The import price peaked at $12,836 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($3,756 per ton), while the price for Turkey amounted to $1,800 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Azerbaijan
In 2022, approx. 2.4 tons of borates; disodium tetraborate (refined borax), anhydroi were imported into Azerbaijan; declining by -28.7% against 2021 figures. Overall, total imports indicated noticeable growth from 2019 to 2022: its volume increased at an average annual rate of +2.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +12.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 57%. As a result, imports reached the peak of 3.4 tons, and then contracted markedly in the following year.
In value terms, imports of borates; disodium tetraborate (refined borax), anhydroi fell to $4.5K in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +8.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. As a result, imports attained the peak of $4.9K, and then dropped in the following year.
Import of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Azerbaijan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 2.7 | 3.1 | 4.2 | 4.3 | 16.8% |
Russia | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
Germany | 0.3 | 0.2 | 0.2 | N/A | -18.4% |
United States | 0.3 | 0.1 | 0.4 | N/A | 15.5% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 3.5 | 3.5 | 4.9 | 4.5 | 8.7% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Anhydrous to Azerbaijan in 2022:
- Turkey (2.4 tons)
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